IoT Connected Machines Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	140 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224135

Best Price Guarantee
Price	from $4,850
Length	140 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224135

IoT Connected Machines Market

Growth Factors of IoT Connected Machines Market

The global IoT connected machines market size was valued at USD 176.04 billion in 2023 and is projected to grow from USD 208.17 billion in 2024 to USD 770.94 billion by 2032, exhibiting a CAGR of 17.8% during the forecast period of 2024-2032.

The pandemic expanded the IoT Connected Machines Market by adopting remote monitoring and automation. Supply chain disruptions prompted industries to invest money into IoT solutions for advanced efficiency and commercial enterprise continuity, with a growing call for linked machines to facilitate real-time data collection and adaptation to market modifications impeding the IoT connected machines market growth.

The rising demand pushes the IoT Connected Machines Market for automation and real-time monitoring. Advancements in the IoT technology and Industry 4.0 tasks are selling the adoption of linked machines to enhance operational efficiency and predictive renovation.

The Industrial Internet of Things (IIoT) revolutionizes production tactics by integrating IoT devices and sensors to create clever factories. This integration allows actual-time statistics series and evaluation, leading to optimized production, decreased costs, and stepped-forward high quality. Additionally, IoT-enabled machines can collect information on their overall performance and fitness, facilitating predictive protection and expanding the IoT connected machines market share globally. By looking forward to potential disasters and scheduling upkeep proactively, companies can decrease downtime and reduce upkeep costs, resulting in expanded performance and productiveness.

Comprehensive Analysis of IoT Connected Machines Market

The IoT Connected Machines Market is segmented via issue and enterprise. Essential additives encompass IoT gateways, I/O modules, and IoT sensors, with gateways expected to dominate because they facilitate records switch between devices and the cloud. Manufacturing is projected to guide in terms of enterprise, driven by a call for automation and digitalization. The healthcare sector is set for a speedy boom due to the desire for clever tracking gadgets. At the same time, the strength and utilities phase will enlarge with the adoption of innovative technology. The automobile quarter can even see a boom due to expanded investments in connected cars, using overall marketplace expansion through more advantageous IoT integration.

The North America region led the IoT connected machines market by benefitting a size of USD 56.05 billion in 2023 due to the rapid adoption of the 5G era; there's predicted to be a significant increase within the call for wireless conversation.

The leading players in the IoT Connected Machines market significantly influence its growth trajectory and establish industry benchmarks. Key companies such as Siemens AG (Germany), Honeywell International Inc. (U.S.), General Electric Company (U.S.), Intel Corporation (U.S.), Hitachi Ltd. (Japan), ABB Ltd. (Switzerland), PTC Ltd. (U.S.), Rockwell Automation (U.S.), Schneider Electric (France), and IBM Corporation (U.S.) contribute to a competitive landscape that drives innovation and advances the market.

In September 2022, ABB Ltd. More suitable is its bright electricity manufacturing unit in India via integrating commercial IoT technology. This upgraded bright manufacturing unit connects numerous industrial machines, robots, and other devices, facilitating industrial digitalization.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 17.8% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Component

IoT Gateways
I/O Modules
IoT Sensors
Others (PLCs)

By Industry

Automotive
Aerospace & Defense
Logistics & Transportation
Manufacturing
Power and Utilities
Healthcare
Oil & Gas
Others (Chemical)

By Region

North America (By Component, By Industry, and By Country)
U.S. (By Industry)
Canada (By Industry)
Mexico (By Industry)
South America (By Component, By Industry, and By Country)
Brazil (By Industry)
Argentina (By Industry)
Rest of South America
Europe (By Component, By Industry, and By Country)
U.K. (By Industry)
Germany (By Industry)
France (By Industry)
Italy (By Industry)
Spain (By Industry)
Russia (By Industry)
Benelux (By Industry)
Nordics (By Industry)
Rest of Europe
Middle East & Africa (By Component, By Industry, and By Country)
Turkey (By Industry)
Israel (By Industry)
GCC (By Industry)
South Africa (By Industry)
North Africa (By Industry)
Rest of the Middle East & Africa
Asia Pacific (By Component, By Industry, and By Country)
China (By Industry)
India (By Industry)
Japan (By Industry)
South Korea (By Industry)
ASEAN (By Industry)
Oceania (By Industry)
Rest of Asia Pacific

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global IoT Connected Machines Key Players Market Share Insights and Analysis, 2023
5. Global IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Component (USD); 5.2.1. IoT Gateways; 5.2.2. I/O Modules; 5.2.3. IoT Sensors; 5.2.4. Others (PLCs, etc.); 5.3. By Industry (USD); 5.3.1. Automotive; 5.3.2. Aerospace & Defense; 5.3.3. Logistics & Transportation; 5.3.4. Manufacturing; 5.3.5. Power and Utilities; 5.3.6. Healthcare; 5.3.7. Oil & Gas; 5.3.8. Others (Chemicals, etc.); 5.4. By Region (USD); 5.4.1. North America; 5.4.2. South America; 5.4.3. Europe; 5.4.4. Middle East & Africa; 5.4.5. Asia Pacific
6. North America IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Component (USD); 6.2.1. IoT Gateways; 6.2.2. I/O Modules; 6.2.3. IoT Sensors; 6.2.4. Others (PLCs, etc.); 6.3. By Industry (USD); 6.3.1. Automotive; 6.3.2. Aerospace & Defense; 6.3.3. Logistics & Transportation; 6.3.4. Manufacturing; 6.3.5. Power and Utilities; 6.3.6. Healthcare; 6.3.7. Oil & Gas; 6.3.8. Others (Chemicals, etc.); 6.4. By Country (USD); 6.4.1. United States; 6.4.1.1. By Industry; 6.4.2. Canada; 6.4.2.1. By Industry; 6.4.3. Mexico; 6.4.3.1. By Industry
7. South America IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Component (USD); 7.2.1. IoT Gateways; 7.2.2. I/O Modules; 7.2.3. IoT Sensors; 7.2.4. Others (PLCs, etc.); 7.3. By Industry (USD); 7.3.1. Automotive; 7.3.2. Aerospace & Defense; 7.3.3. Logistics & Transportation; 7.3.4. Manufacturing; 7.3.5. Power and Utilities; 7.3.6. Healthcare; 7.3.7. Oil & Gas; 7.3.8. Others (Chemicals, etc.); 7.4. By Country (USD); 7.4.1. Brazil; 7.4.1.1. By Industry; 7.4.2. Argentina; 7.4.2.1. By Industry; 7.4.3. Rest of South America
8. Europe IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Component (USD); 8.2.1. IoT Gateways; 8.2.2. I/O Modules; 8.2.3. IoT Sensors; 8.2.4. Others (PLCs, etc.); 8.3. By Industry (USD); 8.3.1. Automotive; 8.3.2. Aerospace & Defense; 8.3.3. Logistics & Transportation; 8.3.4. Manufacturing; 8.3.5. Power and Utilities; 8.3.6. Healthcare; 8.3.7. Oil & Gas; 8.3.8. Others (Chemicals, etc.); 8.4. By Country (USD); 8.4.1. United Kingdom; 8.4.1.1. By Industry; 8.4.2. Germany; 8.4.2.1. By Industry; 8.4.3. France; 8.4.3.1. By Industry; 8.4.4. Italy; 8.4.4.1. By Industry; 8.4.5. Spain; 8.4.5.1. By Industry; 8.4.6. Russia; 8.4.6.1. By Industry; 8.4.7. Benelux; 8.4.7.1. By Industry; 8.4.8. Nordics; 8.4.8.1. By Industry; 8.4.9. Rest of Europe
9. Middle East & Africa IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Component (USD); 9.2.1. IoT Gateways; 9.2.2. I/O Modules; 9.2.3. IoT Sensors; 9.2.4. Others (PLCs, etc.); 9.3. By Industry (USD); 9.3.1. Automotive; 9.3.2. Aerospace & Defense; 9.3.3. Logistics & Transportation; 9.3.4. Manufacturing; 9.3.5. Power and Utilities; 9.3.6. Healthcare; 9.3.7. Oil & Gas; 9.3.8. Others (Chemicals, etc.); 9.4. By Country (USD); 9.4.1. Turkey; 9.4.1.1. By Industry; 9.4.2. Israel; 9.4.2.1. By Industry; 9.4.3. GCC; 9.4.3.1. By Industry; 9.4.4. North Africa; 9.4.4.1. By Industry; 9.4.5. South Africa; 9.4.5.1. By Industry; 9.4.6. Rest of MEA
10. Asia Pacific IoT Connected Machines Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Component (USD); 10.2.1. IoT Gateways; 10.2.2. I/O Modules; 10.2.3. IoT Sensors; 10.2.4. Others (PLCs, etc.); 10.3. By Industry (USD); 10.3.1. Automotive; 10.3.2. Aerospace & Defense; 10.3.3. Logistics & Transportation; 10.3.4. Manufacturing; 10.3.5. Power and Utilities; 10.3.6. Healthcare; 10.3.7. Oil & Gas; 10.3.8. Others (Chemicals, etc.); 10.4. By Country (USD); 10.4.1. China; 10.4.1.1. By Industry; 10.4.2. Japan; 10.4.2.1. By Industry; 10.4.3. India; 10.4.3.1. By Industry; 10.4.4. South Korea; 10.4.4.1. By Industry; 10.4.5. ASEAN; 10.4.5.1. By Industry; 10.4.6. Oceania; 10.4.6.1. By Industry; 10.4.7. Rest of Asia Pacific
11. Company Profiles (Based on data availability in public domain and/or on paid databases): 11.1. Siemens AG; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Honeywell International Inc.; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. General Electric Company; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Intel Corporation; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Hitachi Ltd.; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. ABB Ltd.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. PTC Ltd.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Rockwell Automation; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Schneider Electric; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. IBM Corporation; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments